#NVDA ready for another push higher? Techs look sexy
Nvda.. couple of reasons why this is a big level and high probability to be long
(1) Divergence on RSI
(2) Test volume VPOC shelf and held
(3) Demark 9 exhaustion signal on daily
(4) Gliding off the 50dma
(5) Held 50% fib from most recent swing low and high
(6) Back above the Main Pivot
Putting this all together suggests there is a high probability setup here with a stop below the recent lows at 450. Initial targets 480, 500, then if we break out the channel , much higher..
(1) Divergence on RSI
(2) Test volume VPOC shelf and held
(3) Demark 9 exhaustion signal on daily
(4) Gliding off the 50dma
(5) Held 50% fib from most recent swing low and high
(6) Back above the Main Pivot
Putting this all together suggests there is a high probability setup here with a stop below the recent lows at 450. Initial targets 480, 500, then if we break out the channel , much higher..
Note
This worked out well to retest the $500 resistance
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"If you do what you love, you'll never work a day in your life" - Marc Anthony
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.